Nifty and Bank Nifty Futures – Mid December Overview

Nifty futures and Bank Nifty futures taken a steep fall from the peak and so far nifty is leading the fall compared to Bank Nifty futures. Current resistance zone on the hourly charts comes around 8287 and 18572. Closing above the resistance levels might turn the trend towards the upper side.

Bank Nifty Futures Hourly Charts

Nifty Spot Daily Charts 1 Year Returns of Nifty Spot at 30% despite a sharp December sell off. Overall 2014 is likely to end as a good year for the investors.

Nifty Options Open Interest

Currently 8000PE holds the higher open interest and option writers are expecting nifty to close above 8000 for the december month expiry. And still 5 more days are left for the expiry.

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About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

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